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$480,000

For Sale - Active
962 W Keating Ave, Mesa, AZ 85210
4 Beds
2 Baths
1,869 Square Feet
0.18 Acres Lot
Built in 1979
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 03, 2025 at 04:17AM

Investment Summary


Monthly Cash Flow
-$681
Cap Rate
4.0%
Cash-on-Cash Return
-7.4%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.2%

Property Description


0.18 Acres Lot
Built in 1979
For Sale - Active
Units n/a

Welcome to this inviting single-story 4-bedroom, 2-bath home in Mesa, AZ. Set on a generously sized property with easy-care desert landscaping, this home offers the perfect mix of comfort and style. One of the standout features is the fully owned solar panel system, helping to significantly reduce energy costs—especially valuable during Arizona's warmest months. The home also includes energy-efficient windows and upgraded insulation to help maintain a comfortable indoor temperature year-round. Inside, you'll find a freshly painted interior and a tiled entryway leading to a cozy sunken living room that connects seamlessly to the kitchen and family room—creating a bright, open layout ideal for everyday living and entertaining. The kitchen is equipped with granite countertops, stainless steel appliances, and plenty of cabinet space for storage and functionality. The spacious primary suite includes a walk-in closet and a recently updated en-suite bathroom with dual sinks and a tiled shower. Three additional bedrooms provide flexibility for guests, a home office, or hobbiesthree of the four bedrooms are carpeted, while the rest of the home features low-maintenance tile flooring. A dedicated laundry room offers space for a full-size washer and dryer, and the second full bathroom includes a tub/shower combo with modern finishes. The backyard is generously sized and ready for your personal touchwhether you envision a garden, patio, or play area, there's room to make it your own. With thoughtful upgrades, energy-saving features, and a freshly updated interior, this Mesa home is ready to welcome its next owners.

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Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Block
  • Roof Material: Composition
  • Solar Panels: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 30287520
  • Lot Size: 7771 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1979

Tax Information

  • Annual Tax: $1,612

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Bubba Clement
Keller Williams Arizona Realty
(602) 531-5051

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6868175
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$681
Cap Rate
4.0%
Cash-on-Cash Return
-7.4%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.2%

Purchase Details

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Purchase price:
$480,000
Amount financed:
-$384,000
Down payment:
$96,000
Closing costs:
$14,400
Rehab costs:
$0
Initial cash invested:
$110,400
Square feet:
1,869
Cost per square foot:
$257
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$384,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,272
Property tax:
$134
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,581

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$134-$1,612
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$759-$9,112

Cash Flow


Monthly Yearly
Net operating income:
$1,591 $19,092
Mortgage payments:
-$2,272 -$27,264
Cash flow:
$681 $8,172